- December 22, 2021 at 10:58 am
The SurgeTrader project emerged from the collective expertise of experienced Forex traders, brokers, and venture capitalists who firmly believe that talented traders can achieve success with the right combination of capital and opportunity. Their mission was to expedite trader funding and empower profitable traders to capitalize on their achievements. The origin of SurgeTrader traces back to a conversation that took place in a sushi restaurant in Naples involving an FX broker, an institutional trader, and a venture capitalist.
SurgeTrader offers traders the choice of a one-step evaluation and a two-step evaluation program tailored to their individual experience levels. By managing capital of up to $1,000,000, traders have the potential to earn substantial profits while retaining profit splits of up to 90%. This can be accomplished through trading a diverse range of financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.
Can someone please explain this trailing drawdown, I’m confused… Appreciate it00
- April 22, 2022 at 10:08 am
Prop ForumModeratorAt Forex Prop Reviews, we ranked SurgeTrader based on our close to 500 criteria and came to a conclusion to rate the proprietary trading firm with an excellent 4/5 score.00
- May 25, 2022 at 9:21 am
This is to help all the traders who don’t know what a trailing drawdown is. This is the explanation they have posted on their website.
- September 9, 2022 at 8:00 am
”Our Maximum Trailing Drawdown is the maximum your account can drawdown before breaching your account. The initial level is set at 5% from the starting balance of your account. As your account balance increases, the trailing maximum drawdown follows you up until you achieve a profit target of 5% in your account. Once you have achieved a 5% profit target in your account, we take off the trailing drawdown and allow our traders to draw back down to their initial starting balance before breaching the account.
This means for profitable traders the maximum trailing drawdown can be greater than 5%.
For example, if you have a $100,000 account, you can go down to $95,000 before being disqualified. Let’s say you are a profitable trader and make $4,000 in your account. Your High-Water Mark is now $104,000 (balance, so just closed trades). Your max drawdown limit will be $99,000. Next, you make an additional $1,000 in your account. So, your new High-Water Mark is $105,000. Here is where it will lock in, so as your High-Water Mark rises your max drawdown limit will stay at $100,000, which means your maximum drawdown increases beyond 5%. Let’s say you grown your account to $120,000. Your effective maximum drawdown level is now 20% (4x greater).”
I hope it helps.00
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- November 30, 2023 at 10:53 am
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